May 18, 2023
Silver X Mining Publishes Inaugural Sustainability Report
Vancouver, BC, May 18, 2023 – Silver X Mining Corp. (TSX-V: AGX) (OTCQB: AGXPF) (F: AGX) (“Silver X” or the “Company”) is pleased to announce the publishing of its inaugural Sustainability Report for the year ended December 31, 2022 (the “Sustainability Report”), highlighting the Company’s approach and commitment to sustainable development through mining.
“At Silver X, sustainability is truly at the heart of how we operate our projects and within our communities,” stated José M. García, President and CEO of Silver X. “As a small organization, taking the right actions at every step of our growth is key, ensuring that we not only prioritize economic benefit but also consider our environmental and social influence. Commitment to collaboration has been the cornerstone of our success so far and it will continue to be even more important as we expand. As you will see in the pages of the report, we take this responsibility very seriously. We aim to create a positive legacy from our activities for stakeholders now and well into the future.”
2022 Sustainability Performance Highlights
- Established a sustainable development agenda in alignment with the United Nations Sustainable Development Goals.
- Achieved 100% compliance with environmental requirements applicable to the Company and performed in compliance with the International Council of Mining & Metals Conservation of Biodiversity Principle.
- Recirculated 99% of the water used in the Company’s underground operations and 72% used in processing activities and achieved its goal of zero incidents related to water quality during the year.
- Established an Occupational Health and Safety Management Program based on ISO 45 001: 2018 and implemented 146 health and safety training sessions for employees.
- Improved professionalization of the local community by committing to hiring locally, resulting in 55% of our non-professional workforce coming from the Huachocolpa community.
- Contributed $2.7 million to the local economy through the purchase of goods and services from local suppliers.
- Established the Huachocolpa Foundation, an entity with the purpose of overseeing and implementing a number of programs focused on sustainable development for the surrounding community.
The 2022 Sustainability Report can be found on the Company’s website at
https://www.silverxmining.com/sustainable-development.
About Silver X
Silver X is a silver producer building a district-scale precious metals platform in central Peru. Its flagship Nueva Recuperada Silver District includes current production, development opportunities, and significant exploration potential. With a clear path to increased throughput and a pipeline of high-grade targets, Silver X is positioned for continued growth and long-term value creation. For more information visit our website at www.silverxmining.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities, including the OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. To learn more, visit www.otcmarkets.com.
On Behalf of the Board
José M. García
CEO and Director
For further information, please contact:
Investor Relations
Cautionary Statement Regarding “Forward Looking” Information
This press release contains forward-looking information within the meaning of applicable Canadian securities legislation (“forward-looking information”). Forward-looking information is generally identified by words such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, or similar expressions, including statements that certain events or results “may”, “could”, “would” or “will” occur. All statements other than historical facts constitute forward-looking information, including, without limitation, statements regarding exploration plans, operating results, expected project performance, the potential for resource expansion at Tangana, the economic viability of the Tangana Mining Unit, and the Company’s expected financial performance.
Forward-looking information is based on a number of assumptions, including that general economic and business conditions will not materially worsen; commodity demand and prices will remain stable or improve; required permits and approvals will be obtained on a timely basis; operations will not be materially disrupted by accidents, labour issues or equipment failures; financing will be available; equipment and supplies will be accessible as needed; resource estimates and underlying assumptions (including size, grade and recovery) are reasonable; and the Company will be able to attract and retain qualified personnel and execute its strategic objectives.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the Company’s annual and interim MD&As and in its public documents filed on www.sedarplus.ca from time to time. Forward- looking statements are based on the opinions and estimates of management as of the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
